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Philippines budget deficit hits 41.5 bln pesos in 10 months

Philippines budget deficit hits 41.5 bln pesos in 10 months

MANILA, Nov. 20 (Xinhua) -- The Philippine government's budget deficit reached 41.58 billion pesos (966.97 million U.S. dollars) in the first ten months of 2007.

According to local television network ABS-CBN, the Department of Finance reported Tuesday that the Jan-Oct deficit fell 26.2 percent from the same period last year.

The ...

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